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Old 09-23-2012, 09:45 PM
 
Location: Charlotte
96 posts, read 79,704 times
Reputation: 40

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http://news.investors.com/ibd-editor...ll-clinton.htm


Leadership: President Obama may hope that by recruiting Bill Clinton as campaign cheerleader he can wrap himself in Clinton's economic record. But Obama just exposes how far he's moved away from Clinton's policies.

In an ad for the Obama campaign, Clinton talks about all the "investments" — liberal code word for government spending — Obama wants and how that will grow the middle class and lead to a full employment economy.

"That's what happened when I was president," Clinton says in the ad.

Except that's not what happened.

Indeed, when you look at the record of these two Democratic presidents, you'd be hard-pressed to conclude they were even in the same political party, much less had "similar policies." Here's a rundown:

• Spending and deficits. Spending on domestic discretionary programs was essentially flat under Clinton in real terms. And overall federal spending as a share of GDP dropped from 21% when Clinton took office to 18% when he left.

Obama, in contrast, massively increased federal spending and wants to keep it above 22% of GDP forever. And while Clinton obsessed about deficits, Obama is indifferent.

Even now, with runaway deficits and debt, Obama's latest budget proposed adding $137 billion more in spending, and $365 billion more in red ink.



• Taxes. Under pressure from Republicans, Clinton agreed to cut the capital gains tax to 20% from 28%. The result was an investment boom that drove economic growth for years. Clinton also said he thought he raised income-tax rates too high.

Obama wants to lift the top capital gains rate to 25%, and the dividend tax rate to 45%, plus raise the top income-tax rates even higher than they were under Clinton.


• Trade. Despite opposition from his own party, Clinton pushed through Nafta. Obama only grudgingly signed three trade deals negotiated years before by President Bush. Since then, he's done nothing, while China has signed 15 trade deals and is negotiating 20 more.

• Welfare reform. Clinton pledged when running for office to "end welfare as we know it," and Republicans pressured him to sign a sweeping welfare reform law that included strict work requirements.

Obama vastly expanded the welfare state, and now, despite what the "army of media fact-checkers" claims, he's trying to dismantle welfare reform by offering waivers to states who want to weaken those work rules.

• Deregulation. Clinton signed a sweeping banking deregulation bill that overturned Depression-era banking rules. Obama complained about that law when running for president, and signed a sweeping re-regulation bill once in office.

If Obama wants to wrap himself in Clinton's economic successes, should he also blame himself for the derelict recovery that resulted from him abandoning Clinton's policies?
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Old 09-23-2012, 09:46 PM
 
Location: Chicago
38,706 posts, read 96,186,398 times
Reputation: 29804
If Obama were half as shrewd or politically savvy as Clinton he'd be cruising to a second term.
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Old 09-23-2012, 09:46 PM
 
Location: Charlotte
96 posts, read 79,704 times
Reputation: 40
One more thing, Clinton had the people touch, and Obama does not.
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Old 09-23-2012, 09:47 PM
 
Location: Stasis
15,833 posts, read 11,453,872 times
Reputation: 8579
Aren't you going to credit the author of your long cut and paste?
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Old 09-23-2012, 09:48 PM
 
Location: Charlotte
96 posts, read 79,704 times
Reputation: 40
I put the link up.
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Old 09-23-2012, 09:49 PM
 
Location: Pluto's Home Town
9,986 posts, read 12,837,973 times
Reputation: 5676
It's a mixed bag. Clinton, along with the GOP congress, holds substantial responsibility for the meltdown that nearly destroyed the global economy. Obama is doing just fine to move away from that.

From what I see, Clinton is a better cheerleader, but Obama is a more disciplined executive.

Yes, he is no Clinton, and that is not a bad thing.
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Old 09-23-2012, 09:53 PM
 
Location: Charlotte
96 posts, read 79,704 times
Reputation: 40
Quote:
Originally Posted by Fiddlehead View Post
It's a mixed bag. Clinton, along with the GOP congress, holds substantial responsibility for the meltdown that nearly destroyed the global economy. Obama is doing just fine to move away from that.

From what I see, Clinton is a better cheerleader, but Obama is a more disciplined executive.

Yes, he is no Clinton, and that is not a bad thing.
Disciplined executive? Lol Please. Clinton was a Governor, Obama never ran a fruit stand. How is driving deficits to historic levels, and using Gov. money to invest in a "green" energy company that goes belly up a year later, and spending billions on non existent "shovel" ready jobs disciplined?
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Old 09-23-2012, 10:10 PM
 
21,661 posts, read 11,760,774 times
Reputation: 8514
Well he is a consistant executive, consistantly bad and mis-guided.
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Old 09-23-2012, 10:25 PM
 
Location: Tucson/Nogales
21,355 posts, read 25,424,717 times
Reputation: 29402
Knowing Clinton, I get the distinct feeling that before Clinton agreed to give that great speech at the Democratic Nat'l Convention, he sat Obama down like he was an errant child, and told him:

"I'll give this speech, help you get elected, with a list of proviso's, that when you get re-elected, you must do this, this, that, and that, or I'll take to the national media and you'll long regret it!" With Hillary by my side!!!
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Old 09-23-2012, 10:27 PM
 
Location: 44.9800° N, 93.2636° W
2,654 posts, read 5,456,816 times
Reputation: 888
Good god. If this board existed during his term you'd all be saying the same crap about him that you do about Obama.
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